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20130101
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country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical component to the u.s. global supply chain and a potential strike or shutdown to the ports not only impacts retailers but all other businesses who rely on the ports to move the nation's commerce. >> reporter: the sticking point in negotiations: a decades old law, called the container royalty fund. it was established in the 1960s to help dockworkers displaced by technolo
.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have
as next week, january 2, when they come back into session for the 113th congress. what's really interesting about this is former governor mark sanfordwhfor a me was a very popular repubcan. he fought president obama's administration on the stimulus program. he had a lot of different thingf that had him really in highin regards in conservatives. h then he had an affair. >> ifill: but he's running against or looking...le >> jenny sanford, his ex-wife, had also expressed interest in this house seat.fa what's very interesting about this, in addition to the fact that they were once married and he had this affair and wentac public and ended up leaving the governor's race in a bit of disgrace and under investigation for using state funds for t meeting his mistress-- he held this seat for three terms. this is a district he's familiar with. she was actually his campaign20 manager when he held this seat in the late 1990 as and into 2002 when he was elected as governor. neither of them are backing away. both of them have said they're inferested. they haven't officially declared. he's got m
Search Results 0 to 3 of about 4 (some duplicates have been removed)